The Forex Portfolio - How to Gain Consistent Profits by Staying in the Market 24/7

Nice results! :slight_smile: Did you simply use the previous week direction to enter those trades? Nothing else, like the daily chart or something?

DonKabe,

Yeah, just the weekly bars. Took me less than 10 minutes to go through all 24 pairs make my buy, sell or wait decisions. During the week I closed only one position AUD/CAD short as it broke the previous weekā€™s high. Other than AUD/CAD I just let all 22 positions run.

obviously, Iā€™m really really really impressed with mg99ā€™s portfolio concept! :smiley:

One more thing. I didnā€™t just pull the previous weekā€™s concept out of my butt. For over a year using the previous weekā€™s bar for trend direction has been one of the important components of my intra-day trading. Itā€™s a proven ā€œedgeā€ I have lots of experience with.

PS GBP/JPY was on the wait list

I closed my AUDCAD this morning too for +174 pipsā€¦thatā€™s a personal best and I let it run a little longer this time too. However, when I did, my new overall results put me at -200pipsā€¦yikesā€¦ but then a few hours later, Iā€™m up +60 pips overall! Iā€™ll leave them all open over the weekend, but I dread what the ā€œGapsā€ will be like when the markets re-open.

Iā€™m up +100 on my short GBPAUD so I put a stop loss in at just better than BEā€¦hate to see such a winning trade become a loser. The rest are still trying so will give them the room :wink:

Thatā€™s why I prefer methodologies over systems. It gives people a flexibility to adopt to their own unique way of trading.

Talk to me more about the edge of how you define your bias off the weekly candles.

My entry edge made me net short USD the whole weekā€¦ lol, thankfully it didnā€™t turn out that bad.

The one thatā€™s really hurting now is my GBP long positions and EUR/USD long (I was short till 1.325, and then switched to long because expected daily support to hold - not too bad considering I was short eurcad, eurgbp and eurnzd as well) , still waiting for my system to present me with an exit opportunity.

overall this week net + 820 pips, including open positions :slight_smile: not too shabby at all.

You will always carry losses. There has been times when all of my trades were positive, but thereā€™s never been a time when all my trades are negative.

Thatā€™s the beauty of this. Thereā€™s a measure of built in forgiveness if youā€™re picking some trades on the wrong side.

Unless youā€™re guessing, I find it improbable that youā€™ll trade in the opposite direction of movement all the time.

And even if you were guessing, you would be still be right some of the time.

I was just wondering, if we use entries based on weekly candles, it might be cool to set a basket TP, such that once you reach +10% your account itā€™ll auto close all positions, so you might even hit your target on a spike across all pairs, regardless of whether the week ended in your favour or not.

Just an idea.

Also, if someone good at programming, could do a statistical analysis across all pairs, find out which day/timing of the week is the high or low printed.

I.e, if previous weekly candle was red, when was the high of the week printed? Is there any trend we can exploit.

lol Uk just got downgraded by moody and it spiked down :frowning:

Iā€™m sure thatā€™s bad for some, but for my portfolio itā€™s good! Suddenly up +220 pips overall! ā€¦somebody get me a paper bag quick! :slight_smile:

Helped me out too.

[U]Excellent results so far; quite the advantageous-on-many-fronts methodology. Thanks, MasterGunner![/U]

[I may have jumped the gun a bit on entering StopLosses (most were triggered then continued in a profitable direction), but seeing those long candles a few days ago made me feel quite exposed.]

[I][B]Iā€™ll cease posting these results daily for now, and try to post them ā€“ if I have time ā€“ at each Friday End-of-Week.[/B][/I]

Following are DEMO Trading results thus far, beginning Feb 10 ā€“ using my own interpretation/understanding of the [B]MasterGunner99 MethodologyĀ®[/B] (MG99M) ā€“ with an initial Account balance = $20,000:

[U]CLOSED Trades (11):[/U]
AUDUSD (Short 20,000 @ 1.0248) -0100 pips {01 days -> Feb 13}
AUDUSD (_Long 20,000 @ 1.0348) -0121 pips {08 days -> Feb 21}
NZDUSD (_Long 20,000 @ 0.8438) -0121 pips {08 days -> Feb 21}
EURGBP (_Long 20,000 @ 0.8631) +0031 pips {08 days -> Feb 21}
GBPUSD (Short 20,000 @ 1.5521) +0233 pips {08 days -> Feb 22}
EURCAD (_Long 22,100 @ 1.3569) -0161 pips {02 days -> Feb 22}
EURCHF (_Long 21,100 @ 1.2337) -0078 pips {03 days -> Feb 22}
GBPCHF (Short 20,000 @ 1.4279) +0061 pips {09 days -> Feb 22}
GBPCAD (Short 20,000 @ 1.5648) +0101 pips {09 days -> Feb 22}
AUDCAD (_Long 21,100 @ 1.0418) +0119 pips {03 days -> Feb 22}
AUDNZD (Short 20,000 @ 1.2271) -0036 pips {10 days -> Feb 22}

CLOSED Equity = $19,860; Total -0072 pips

[U]OPEN Trades (07):[/U]
USDCAD (_Long 21,900 @ 1.0186) +0018 pips {01 days, StopLoss}
EURNZD (Short 20,000 @ 1.5886) +0152 pips {08 days, StopLoss}
GBPAUD (Short 20,000 @ 1.5154) +0459 pips {09 days, StopLoss}
GBPNZD (Short 20,000 @ 1.8685) +0587 pips {10 days, StopLoss}
CADCHF (Short 21,100 @ 0.9117) +0008 pips {03 days, StopLoss}
NZDCHF (_Long 22,460 @ 0.7858) -0076 pips {07 days, StopLoss}
NZDCAD (_Long 20,000 @ 0.8434) +0107 pips {10 days, StopLoss}

OPEN Equity = $ 2,140; Total +1255 pips
_Total Equity = $22,000 (110% of account)

[U]Existing GTC StopLoss orders outstanding:[/U]
USDCAD (_Sell 21,900 @ 1.0152) [StopLoss] {00 days}
EURNZD (__Buy 20,000 @ 1.5832) [StopLoss] {02 days}
GBPAUD (__Buy 20,000 @ 1.4907) [StopLoss] {02 days}
GBPNZD (__Buy 20,000 @ 1.8308) [StopLoss] {02 days}
CADCHF (__Buy 21,100 @ 0.9163) [StopLoss] {00 days}
NZDCHF (_Sell 22,460 @ 0.7746) [StopLoss] {02 days}
NZDCAD (_Sell 20,000 @ 0.8476) [StopLoss] {02 days}

[U]STOP DAY orders placed in Feb 25 session:[/U]
AUDJPY (__Buy 22,000 @ 096.65) [NewEntry]
NZDJPY (__Buy 22,000 @ 078.49) [NewEntry]
AUDCHF (__Buy 22,000 @ 0.9640) [NewEntry]

also a USD/CHF long sitting at 0.1 pip loss

Total pips: +186.3 or a 2.3% gain.

Although it is a little skewed because I only entered the AUD/USD short at 200 units instead of 500. My overall account is $500 the sub account Iā€™m using for this strategy is $200. At one point I was going to just trade on the sub account equity because I was scared of running out of margin. But Iā€™ve realized I can still trade the full account.

This is also after 3 or 4 days of trying this out.

Also it is real money :smiley:


[I]If the previous weekā€™s candle was a strong bull candle, this week Iā€™m buying, strong bear candle Iā€™m selling.

If the previous weekā€™s candle is showing indecision, lack of conviction, Iā€™ll step back and use the candle from 2 or 3 weeks ago or wait.[/I]

Really, thatā€™s pretty much the whole deal. :slight_smile:

About a year ago I stumbled on the previous weekā€™s candle concept trading the 3-ducks. I noticed most of the really good duck set-ups came into play when the previous weekā€™s candle showed a strong bull or bear trend. Pretty simple right?

The attached chart shows the ducks 60 moving average on the 4-hour chart with weekly candles overlaid. Usually when the 60ma is sloping upward, you find the previous weekā€™s candle was bullish.

The indecision candles are harder to pick, this week I went back 2-3 weeks to the last weekly candle that showed a strong trend direction and went with it. I got some right and some wrong. Iā€™m thinking of handling the indecision buggers a little different next week, maybe wait for a breakout above the high or low of the candle.

Hope that helps.


Three years over there with what to show.

One week over here and results to show.

Save the $2500 bucks.

:smiley: in all fairness it is a combo lol. Market structure really does open your eyes about. As well as COT. And it was 7 months lol. Since June 19th 2012 I believe.

EDIT: dang I was close I started the 16th.

Also Iā€™ve already paid and if I cancel i still get charged $700. And Iā€™ve already planned it plus my girlfriend is excited lol. And Iā€™ve told a few people Iā€™d post a review. An honest one.

Point made for sure. Glad to see more quality and straightforwardness around here. Simple and effective. Continued success guys. :slight_smile:

Chris Lori seminar?

ah, thanks.